Representatives of the Sri Lanka–Benelux Business Council (SLBBC) of The Ceylon Chamber of Commerce recently paid a courtesy call on His Excellency Wiebe De Boer, Ambassador of the Kingdom of the Netherlands, at the Embassy of the Kingdom of the Netherlands in Sri Lanka. The meeting opened with welcoming remarks from the Embassy, followed by…
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Reuters – Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT…
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, significantly expanding capacity and strengthening Sri Lanka’s position as a growing logistics hub in the Indian Ocean. The investment includes new quay cranes, rubber-tyred gantry cranes (RTGs), and trailers, enabling the port to handle the world’s…
The Colombo stock market recorded a downturn at the close of trading today (30), with both major indices ending in negative territory. The All Share Price Index (ASPI) fell by 283.49 points to close at 21,092.24, while the S&P SL20 Index declined by 91.03 points to settle at 5,908.96 by the end of the trading…
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
Exclusive Business Conclave for Investment Promotion on Graphene Technology held at Kingsbury Colombo last weekend aimed at promoting investment in graphene technology, attracting a robust presence of both local and international investors. This high-level platform was orchestrated by Eng. Keerthi Wickramarathna, Chairman of Ragedara Graphite Mines, a pioneer in the mining, research, and production of…
Reuters – Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel by 0342 GMT after settling 4.2%…
Agoda’s Top Picks for Slow Travel Destinations in Asia Digital travel platform Agoda invites travelers to embrace the art of slow travel with its curated list of Asian destinations. These locations offer a chance to immerse oneself in local culture, enjoy leisurely exploration, and connect with the heart of each destination. As travelers increasingly seek meaningful…
India’s leading airline, IndiGo, has launched a new direct flight service between Delhi and Colombo, further enhancing air connectivity between India and Sri Lanka. The new service, which commenced on 29 March 2026, will operate six times a week using Airbus A320 aircraft, offering passengers more convenient and seamless travel options. The introduction of this…
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